Trump Slaps 69 Nations With Tariffs, Canada and Brazil Among Hardest Hit
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In a major global trade shakeup, U.S. President Donald Trump has imposed sweeping new tariffs on 69 countries, including Canada, Brazil, India, and Taiwan. The executive order, signed just ahead of an August 2 deadline, includes a 35% tariff on many Canadian goods and a 50% rate on Brazilian exports, escalating economic tensions and sparking market jitters.
Trump justified the tariffs by invoking emergency powers and citing national security and trade imbalances. Canada’s Prime Minister Mark Carney expressed disappointment, promising action to protect Canadian jobs. Meanwhile, Mexico was granted a temporary 90-day reprieve, and China faces a separate August 12 deadline for a trade deal. These new tariffs are already triggering global market dips and higher prices on consumer goods in the U.S., as the administration signals even more trade deals are on the horizon.
